Question: Saved Help Save & 4 The December 31, Year 4, balance sheet for Deen Company showed total stockholders' equity of $82,500. Total stockholders' equity increased

 Saved Help Save & 4 The December 31, Year 4, balance

Saved Help Save & 4 The December 31, Year 4, balance sheet for Deen Company showed total stockholders' equity of $82,500. Total stockholders' equity increased by $53,400 between December 31, Year 4 and December 31, Year 5. During Year 5, Deen Company acquired $13,000 cash from the issue of common stock. The Company paid a $8,000 cash dividend to the stockholders during Year 5. Required Determine the amount of net income or loss Deen reported on its Year 5 Income statement. (Hint: Remember that stock issues, net Income, and dividends all change total stockholders' equity) 8 DIAL Book Print References

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